The Vancouver-based company’s U.S. subsidiary, which makes technology to recover critical-mineral nodules that are lying on top of seabeds, said it has met with White House and congressional officials and has determined it can apply for licenses and permits under existing U.S. legislation. (The Logic)
Talking point: The International Seabed Authority has struggled to settle debates on how deep-water mineral recovery should be regulated amid pushback from conservation groups. Despite disagreement at the international level, The Metals Company said the U.S. has provided its own regulatory regime and is giving the company a “fair hearing.” “We believe we have sufficient knowledge to get started and prove we can manage environmental risks,” CEO Gerard Barron said in a statement.